Course: Methods in Industrial Organisation (5203-211)

Persons:

• Prof. Dr. Ulrich Schwalbe (verantwortlich)

Type of Course:

lecture

In-Class Hours Per Week:

2

Contents:

After a short repetition of basic game-theoretical concepts, the course deals with games with incomplete information and the respective equilibrium concepts such as the Baysian- and the Perfect Baysian Nash equilibrium. Furthermore, core refinements of the Nash equilibrium are presented. These concepts are applied to the industrial economic problem of the Chain Store Paradox. In the further parts of the lecture, the numerous industrial economic issues of the especially relevant signal games as well as repeated games are discussed. In this context, the propositions of the Folk theorem are examined, especially in the context of the stability of cartels.

Literature:

Gibbson, Robert: A Primer in Game Theory, Financial Times 1992

Location:

Hohenheim

Module:

• 5203-210 Basic Module Industrial Organization (compulsory)